Federated Hermes, Inc. $FHI Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC cut its holdings in shares of Federated Hermes, Inc. (NYSE:FHI) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,199 shares of the company’s stock after selling 6,000 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Federated Hermes were worth $6,834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FHI. Envestnet Asset Management Inc. increased its stake in shares of Federated Hermes by 3.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 22,057 shares of the company’s stock valued at $899,000 after acquiring an additional 837 shares during the last quarter. CWM LLC grew its holdings in Federated Hermes by 21.0% in the first quarter. CWM LLC now owns 3,521 shares of the company’s stock valued at $144,000 after purchasing an additional 612 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Federated Hermes by 32.6% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 187,633 shares of the company’s stock worth $7,650,000 after purchasing an additional 46,138 shares during the last quarter. Pacer Advisors Inc. increased its position in Federated Hermes by 2.5% during the first quarter. Pacer Advisors Inc. now owns 11,900 shares of the company’s stock worth $485,000 after purchasing an additional 286 shares during the last quarter. Finally, LPL Financial LLC raised its stake in Federated Hermes by 373.9% during the first quarter. LPL Financial LLC now owns 91,474 shares of the company’s stock worth $3,729,000 after purchasing an additional 72,173 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Federated Hermes Trading Up 1.7%

NYSE:FHI opened at $48.34 on Friday. The business’s 50-day moving average is $50.63 and its two-hundred day moving average is $48.33. The firm has a market capitalization of $3.75 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.54 and a beta of 0.83. Federated Hermes, Inc. has a 12 month low of $35.05 and a 12 month high of $54.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.37 and a quick ratio of 2.32.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, October 30th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.23. The business had revenue of $469.45 million during the quarter, compared to analyst estimates of $442.67 million. Federated Hermes had a return on equity of 32.30% and a net margin of 21.67%.The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 earnings per share. Research analysts predict that Federated Hermes, Inc. will post 4.04 earnings per share for the current fiscal year.

Federated Hermes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, November 7th. Federated Hermes’s payout ratio is presently 28.39%.

Insider Activity

In related news, VP Dolores D. Dudiak sold 999 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $47.87, for a total transaction of $47,822.13. Following the completion of the sale, the vice president directly owned 88,223 shares of the company’s stock, valued at approximately $4,223,235.01. This trade represents a 1.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard A. Novak sold 1,249 shares of Federated Hermes stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $47.85, for a total transaction of $59,764.65. Following the sale, the insider directly owned 57,500 shares in the company, valued at $2,751,375. This trade represents a 2.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 21,709 shares of company stock worth $1,049,146. 3.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FHI shares. Zacks Research raised shares of Federated Hermes from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Federated Hermes in a research report on Wednesday, October 8th. Evercore ISI raised their price objective on Federated Hermes from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Royal Bank Of Canada lifted their price objective on Federated Hermes from $45.00 to $51.00 and gave the company a “sector perform” rating in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Federated Hermes from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Federated Hermes currently has an average rating of “Moderate Buy” and an average price target of $49.67.

Federated Hermes Company Profile

Federated Hermes, Inc is a publicly owned investment manager. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.